CrediFi launches into 2017 with $13M in new Series B funding
February 13, 2017 (New York, NY) CrediFi Corp., the leading source for data and analytics for commercial real estate finance, announced today that it closed its Series B funding round of $13 million. The company received significant strategic investment, as the round was led by Liberty Interactive’s Liberty Israel Venture Fund, and joined by 31 VENTURES Global Innovation Fund, a CVC fund managed by Global Brain for Mitsui Fudosan, Japan’s leading real estate developer, along with substantial participation from existing investors Battery Ventures, Viola Ventures, OurCrowd and Stax.
Commercial Real Estate (CRE) finance markets. will continue to experience substantial changes in 2017, requiring new solutions for both deal origination and risk oversight. CrediFi’s cloud-based data services enable visibility into both the opportunities and risks in CRE finance markets. Leveraging the best of both technology and human expertise, CrediFi collects and analyzes data that educates key decision makers, empowering them to make smarter and more profitable decisions.
The CrediFi data platform covers $13 trillion in CRE debt in the U.S., and uniquely combines both securitized and non-securitized loans. These relate to 2.3 million properties, in all 50 states, across the full spectrum of CRE asset classes, from multifamily to offices, and from distribution centers to senior housing. Loan origination, portfolio management, and competitive analysis, are available in one place, enabling market players to lend more intelligently and invest more strategically. Current clients include premier asset holders, hedge funds, large scale institutional banks, and others.
“Step one to improving this vast, $15 trillion-dollar market is to create transparency in understanding borrowers, lenders and commercial properties on an ongoing basis,” said CrediFi CEO Ely Razin. “We’ve proven we can. The next step is to arm brokers, lenders, and borrowers with a next generation of tools to help them even further.”
Since its Series A funding, CrediFi has grown its loan database from $1 trillion in commercial loans to $13 trillion, representing over 40 billion square feet of property across the USA. “Our loans database includes recently added agency data sets from Freddie Mac, HUD, LIHTC, and SBA, among others, which for the first time are aggregated on a single platform alongside the worlds of balance sheet and securitized CRE loans,” continued Razin.
CrediFi has also developed visualization technologies to map lending and property activity and launched services to provide vital ultimate ownership information.
The additional funding brings the company’s total capital raised to $23 million since the company was founded in 2014, all raised with the goal of increasing CRE finance transparency in understanding market players and trends. The new funds raised will be used to accelerate CrediFi's ongoing growth, including the expansion of its sales and marketing organization as well as a major upcoming product launch. Motti Lichtenstein, who led the investment for Liberty Interactive’s Liberty Israel Venture Fund, will join CrediFi’s board of directors.
